Newmont Corporation: Beat — EPS $2.20, Revenue $6.36B
Earnings BeatQ3 2026 · After-market
Did Newmont Corporation (NEM) beat earnings today?
Yes, Newmont Corporation (NEM) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+13.40% surprise
$2.20Actual
Expected: $1.94
vs. year ago +28.7%
Total Revenue+1.92% surprise
$6.36BActual
Expected: $6.24B
Released Oct 22 · 4:11 PM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Net Income | $2.48B | $1.83B | +35.1 |
| GAAP Diluted EPS | $2.35 | $1.67 | +40.7 |
| Adj. Diluted EPS | $2.20 | $1.71 | +28.7 |
Financial Outlook / Guidance
| Metric | Q4 2026E | 2026E |
|---|---|---|
| Attributable Gold Production | 1,365 Koz (±5%) | 5,260 Koz (±5%) |
| Gold By-Product CAS | $1,250/oz (±5%) | $925/oz (±5%) |
| Gold By-Product AISC | $1,900/oz (±5%) | $1,520/oz (±5%) |
| Sustaining Capital | $600M (±5%) | $1,950M (±5%) |
| Development Capital | $520M (±5%) | $1,400M (±5%) |
| Copper Production | — | 102 ktonne (±5%) |
| Silver Production | — | 32 Moz (±5%) |
| Lead Production | — | 90 ktonne (±5%) |
| Zinc Production | — | 220 ktonne (±5%) |
| Exploration & Advanced Projects | — | $525M (±5%) |
| General & Administrative | — | $375M (±5%) |
| Interest Expense | — | $175M (±5%) |
| Depreciation & Amortization | — | $2,815M (±5%) |
| Reclamation and Remediation Accretion | — | $385M (±5%) |
| Capitalized Interest | — | $175M (±5%) |
Business Highlights
- ➤Returned $1.9 billion to shareholders through dividends and share repurchases since the last earnings call.
- ➤Repurchased $1.6 billion of common stock; $2.8 billion remains authorized.
- ➤Reduced share count by over 115 million shares since February 2024.
- ➤Declared a $0.26 per share third-quarter common-stock dividend.
- ➤Amended the Nevada Gold Mines joint-venture agreement to include Fourmile, Fiberline and Mike.
- ➤Advanced Red Chris Block Cave toward an early-2027 full-funds investment decision.
- ➤Completed Tanami Expansion 2 shaft construction; commercial production is expected in the first half of 2027.
- ➤Fired the final drawbell at Cadia PC2-3 and began transition to the Operations team.
- ➤Received amended British Columbia approvals enabling Red Chris transition from open-pit mining to block caving.
- ➤Government of Canada announced a CAD$500 million contribution to support Red Chris.
Management Commentary
Natascha Viljoen, President and Chief Executive Officer
“Newmont remains on track to achieve our full-year 2026 production guidance and improved full-year cost outlook, supported by disciplined operational execution in the third quarter, demonstrating the strength and resilience of our world-class portfolio,”
Natascha Viljoen, President and Chief Executive Officer
“We produced approximately 1.3 million attributable gold ounces, and generated $1.9 billion of free cash flow. Since our last earnings call, we have returned $1.9 billion to shareholders through quarterly dividends and share repurchases, contributing to an approximate 10% reduction in our total share count since February 2024, reflecting our commitment to creating long-term value for our shareholders on a per-share basis.””